NOCIL Limited Announces Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 28, 2015 at 09:16 pm
Share
NOCIL Limited announced standalone unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported that total income from operations of INR 176.69 million compared to INR 145.63 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 280.3 million compared to INR 156.7 million a year ago. Profit from ordinary activities before tax was INR 244.4 million compared to INR 129.5 million a year ago. Net profit was INR 164.8 million or INR 1.03 per basic and diluted share compared to INR 82.7 million or INR 0.51 per basic and diluted share a year ago.
For the nine months, the company reported that total income from operations of INR 5,267.1 million compared to INR 4,212.3 million a year ago. Profit from operations before other income, finance costs & exceptional items was INR 695.3 million compared to INR 278.5 million a year ago. Profit from ordinary activities before tax was INR 605.6 million compared to INR 206.8 million a year ago. Net profit was INR 396.5 million or INR 2.47 per basic and diluted share compared to INR 135.4 million or INR 0.84 per basic and diluted share a year ago.
NOCIL Limited is an India-based rubber chemicals manufacturer. The Company manufactures rubber chemicals for tire and other rubber product manufacturing industry. The Companyâs products find use in various other areas, such as pre-vulcanization inhibition, post-vulcanization stabilization and latex-based applications. Its solutions also extend to enhancing the thermal stability of cross-links in rubber products. The Companyâs brands are PILFLEX anti-degradants, PILNOX antioxidants, PILCURE accelerators, post vulcanization stabilizer and PILGARD pre-vulcanization inhibitor. Its products include PILFLEX 13, PILNOX TDQ, PILNOX TDQ (HP), PILNOX SP, PILCURE MBT, PILCURE MBTS, PILCURE ZMBT, PILCURE F, PILCURE CBS, PILCURE NS, PILCURE MOR, PILCURE TMT, PILCURE ZDC, PILCURE ZDBC, PILCURE SDBC, PILCURE ZBZDC, PILGARD PVI and PILCURE DHTS. Its subsidiary, PIL Chemicals Ltd., is engaged in the processing of rubber chemical products.